In yesterday’s Wall Street session, Bank Of America Corp (NYSE:BAC) shares traded at $45.47, down -0.44% from the previous session.
BAC stock price is now 2.56% away from the 50-day moving average and 13.06% away from the 200-day moving average. The market capitalization of the company currently stands at $345.78B.
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With the price target enhanced from $48 to $55, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Bank Of America Corp (NYSE: BAC). On November 08, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $46 to quote $54, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 6 shares of the company’s stock on Mar 22 ’24. The stock was bought for $41 at an average price of $6.77. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 09 ’24, 10% Owner BANK OF AMERICA CORP /DE/ sold 34 shares of the business’s stock. A total of $229 was realized by selling the stock at an average price of $6.73. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of America Corp has had a low of $31.27 and a high of $48.08. According to the stock market information, the enterprise value for the company is $345358827520, which is based on a 16.53 price-to-earnings ratio, a 2.06 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for BAC is $44.2298 and a two-hundred day moving average price translates $40.16075 for the stock.
The latest earnings results from Bank Of America Corp (NYSE: BAC) was released for 2024-09-30. The net profit margin was 11.22% and return on equity was 8.09% for BAC. The company reported revenue of $37.49 billion for the quarter, compared to $33.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.5 percent.
